Search results for: NorYards Fosen

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  • 25 September 2015
    Business & Finance

    Boa IMR AS, a majority owned subsidiary in the Boa Offshore group, has now sent a cancellation notice of the shipbuilding contract for an IMR/OCV vessel with Noryards Fosen AS in Norway.  The company ordered a light construction / IMR vessel with NorYards in March 2015. The contractual delivery date of the vessel was March 2017. According to […]

  • 15 October 2015
    Business & Finance

    Noryards Fosen AS has decided to petition for bankruptcy to the Fosen District Court. The company said on Thursday that the petition for bankruptcy would be delivered to the Fosen District Court “as soon as possible”. Explaining the reason for the bankruptcy petition, the company says that it all started with a cancellation on an order […]

  • 6 October 2017

    Norwegian shipowner Boa IMR has been successful in its arbitration against the compatriot shipyard group, Noryards Fosen, related to cancellation of a vessel construction order back in 2015.  In an Oslo Stock Exchange filing on Friday, Boa IMR, a subsidiary of the Norwegian offshore services provider Boa Offshore, said it was  notified on October 5 of […]

  • 10 March 2015
    Business & Finance

    BOA Offshore’s subsidiary BOA IMR AS has entered, with certain conditions, into a shipbuilding contract for a light construction / IMR vessel with NorYards Fosen AS. The delivery is scheduled for spring 2017 from NorYards’ yard in Fosen, Norway. The vessel with main dimensions of 108 x 24 meters is designed by NorYards in cooperation […]

  • 10 April 2014
    Business & Finance

    NFDS Offshore 2 AS has entered into a shipbuilding contract to finalize a large anchor handling tug supply vessel (AHTS) with NorYards Fosen AS. The contract is conditional that the asset transfer agreement between Bergen Group ASA and Calexco S.a.r.l. is finalized as planned. The work will be performed at NorYards Fosen AS (Bergen Group Fosen AS). The hull will be […]

  • 10 April 2014
    Business & Finance

    NFDS Offshore 2 AS has entered into a shipbuilding contract to finalize a large anchor handling tug supply vessel (AHTS) with NorYards Fosen AS. The contract is conditional on the planned finalization of the asset transfer agreement between Bergen Group ASA and Calexco S.a.r.l. The work will be performed at NorYards Fosen AS (Bergen Group […]

  • 29 May 2014
    Business & Finance

    Bergen Group ASA and Calexco S.a.r.l. have finalised the transaction regarding Bergen Group ASA’s sale of the majority interest in NorYards AS to Calexco S.a.r.l. The transaction is pursuant to the terms in the revised SPA announced on March 21st 2014. As from today, NorYards AS is owned 70 % by Calexco S.a.r.l, and 30 […]

  • 29 May 2014
    Business & Finance

    Norway’s Bergen Group ASA and Calexco S.a.r.l. have finalised the transaction regarding Bergen Group ASA’s sale of the majority interest in NorYards AS to Calexco S.a.r.l. The transaction is pursuant to the terms in the revised SPA announced on March 21st 2014. NorYards AS is now owned 70 % by Calexco S.a.r.l, and 30 % […]

  • 25 September 2015
    Business & Finance, Project & Tenders

    Norway’s Boa IMR, a majority owned subsidiary in the Boa Offshore group, has sent a cancellation notice of the shipbuilding contract for an IMR/OCV vessel with Noryards Fosen. The contract for a Light Construction and Inspection Maintenance and Repair (IMR) Vessel was first announced in March this year. In the cancellation notice Boa IMR AS claims repayment […]

  • 6 October 2017
    Business & Finance

    Boa IMR, a subsidiary in the Boa Offshore group, said it has been notified of a successful arbitration award from the Oslo tribunal after the hearing held in the beginning of September 2017. The arbitration process was related to a refund guarantee claim of advance payments following Boa IMR’s cancellation of a shipbuilding contract with […]

  • 20 October 2017
    Business & Finance

    Norwegian offshore vessel owner Boa has initiated an enforcement procedure against Fevamotinico S.á.r.l. over missed deadline related to a refund of advance payments Boa IMR had made prior to cancellation of a shipbuilding contract with Noryards Fosen back in September 2015. Namely, on October 5 this year, Oslo tribunal determined that Fevamotinico will pay Boa IMR […]

  • 10 March 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    BOA IMR AS, a BOA Offshore AS subsidiary, has entered with certain conditions, into a shipbuilding contract for a light construction / IMR vessel with NorYards Fosen AS, with delivery scheduled for spring 2017 from its yard in Fosen, Norway. The vessel with main dimensions of 108 x 24 meters is designed by NorYards in […]

  • 18 August 2014
    Business & Finance, Project & Tenders

    Bergen Group ASA has signed an agreement with Calexco S.a.r.l. regarding sale of the remaining 30 % shares in NorYards AS for a price of USD 4 million. The completion of the transaction is expected to take place by end of August 2014. The sale of the minority ownership in NorYards AS (former Bergen Group’s […]

  • 19 August 2014
    Business & Finance

    Bergen Group ASA has signed an agreement with Calexco S.a.r.l. regarding sale of the remaining 30 % shares in NorYards AS for a price of USD 4 million. The completion of the transaction is expected to take place by end of August 2014 and marks the group’s exit from shipbuilding business. The sale of the […]

  • 28 February 2014
    Business & Finance

    Johannes D. Neteland has been appointed CEO for NorYards AS with effect from March 1st 2014. He will replace Asle Solheim who has been acting CEO since the company was established last fall. Neteland will take up the position as CEO for NorYards as an engagement running from March 1st 2014 and six months going […]

  • 28 February 2014

    Johannes D. Neteland has been appointed CEO for NorYards AS with effect from March 1st 2014. He will replace Asle Solheim who has been acting CEO since the company was established last fall. Neteland will take up the position as CEO for NorYards as an engagement running from March 1st 2014 and six months going […]

  • 14 April 2016
    Business & Finance

    Norwegian shipbuilder Noryards BMV, a daughter company of Noryards AS, has filed for bankruptcy having failed to reach a compulsory debt settlement with its creditors. The shipyard’s CEO Pål K. Grimsrud confirmed the bankruptcy filing on Wednesday afternoon to local media, a final move following the yard’s inability to secure work amid offshore oil and gas industry […]

  • 12 September 2013

    Following the agreement entered into in July 2013 to establish Bergen Group’s shipbuilding division as a separate joint venture between Bergen Group and Calexco, a new board of directors for the new company has now been appointed. The new company, which has been named NorYards AS, has already taken necessary steps to prepare for the […]

  • 7 March 2014

    Bergen Group said in a release today that it has decided to accelerate the process of reducing the Group’s future involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities. As a part of this process, Bergen Group has entered into an agreement of selling two of the remaining […]

  • 7 March 2014
    Business & Finance

    Bergen Group said in a release today that it has decided to accelerate the process of reducing the Group’s future involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities. As a part of this process, Bergen Group has entered into an agreement of selling two of the remaining […]

  • 7 March 2014
    Business & Finance

    Bergen Group has decided to accelerate the process of reducing the Group’s future involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities.   As a part of this process, Bergen Group has entered into an agreement of selling two of the remaining shipbuilding projects to the shipyard group Kleven located in Sunnmøre, […]

  • 21 March 2014
    Business & Finance

    Bergen Group ASA today signed an agreement with Calexco S.a.r.l. regarding revisions of the terms for Bergen Group ASA’s sale of the majority interest in NorYards AS to Calexco. The main deviations from the SPA executed in July 2013, as further described in Bergen Group’s detailed announcement dated 24 July 2013, are as follows: * […]